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VARbuzz readers say the housing market is looking up
Last week we ran an unofficial poll of VARbuzz readers to determine if they believe the housing market is starting to turn upwards after leveling off in previous months. Here are the results of the poll.
To what extent do you agree with this statement? My market is showing signs of improvement as of the end of January 2008.
- Strongly Disagree: 16 percent
- Somewhat Disagree: 8 percent
- Neutral: 4 percent
- Somewhat Agree: 36 percent
- Strongly Agree: 36 percent
With 72 percent of respondents stating that they strongly or somewhat agree with the statement, these results indicate that VARbuzz readers are slightly more optimistic about the housing market’s outlook than those who replied to the Real Trends survey, in which only 63 percent strongly or somewhat agreed with the statement.
If you have any anecdotal evidence from the field to support or refute these numbers, please leave a comment.
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Ben, I can say for sure that in the past few weeks buyer activity has been strong. They may not yet be signing the contracts to purchase the homes, but they are out looking in droves and getting a feel for the market. Gearing up, it looks like there will definitely be a bounce in the Spring. The last two weekends, I’ve had 4 appointments with buyers each.
I have personally watched one buyer client lose out on a home priced appropriately, on the market for five days, that had five offers on it. It went for over asking price.
For a listing presentation, pulled the statistics for it and found there was only a 2.25 month absorption rate for his hometype in the town he is located in.
Phones are ringing, website traffic is up, and open houses are starting to bustle again. Count me as ’strongly agree’! (I did vote in the poll)
Cheers,
Heather